Can I Withdraw My Casino Bonus?
Recently updated on May 12th, 2021
The straightforward answer to whether or not you can withdraw bonus money is no. Unfortunately, you cannot withdraw the actual bonus money. But, you can withdraw the winnings that you’ve received as a result of the bonus and your initial deposit. There are various, often complicated terms and conditions that stipulate how cashing out one’s winnings works. Fortunately, we are here to explain the process to you, this way you know exactly what to do when it’s time for you to cash out.
Rules About Withdrawing Your Winnings
Every casino has its own way of doing things, but as far as withdrawing winnings go, one thing is constant – wagering requirements. Every bonus that you recieve from a casino will come with wagering requirements. A typical example is: 200% match bonus of up to $500 with 25x wagering requirements. This means that if you made a deposit of $20, you must have played through that amount 25 times to be able to withdraw any winnings. When it’s time to cashout you will only be able to withdraw your initial deposit and whatever winnings you accrued from it. The exact match bonus amount will be returned to the casino before your overall cashout amount is given.
For example, if you made a deposit of $50 and the casino gave you a 100% match bonus, this means you’ve been given an extra $50 to play with pushing your total up to $100. When you start playing, you’ll first use up the $50 that you’ve deposited. If you happen to win money while using your own money you will be able to make a withdrawal, but you will have to pay back the $50 match bonus first. The remaining amount is for keeps.
However, if you did not manage to make any money while using your deposit, the other $50 will come into play. But remember, there is a wagering requirement attached to all bonuses which means that you will first have to meet the stipulated requirement before you will be allowed to withdraw the bonus money.
How to Withdraw Your Casino Bonus
The actual process of withdrawing your winnings is pretty straightforward although some casinos may have a few extra steps. We’ve summarized the process in three easy steps below.
- First, head over to the cashier’s section of the casino.
- Then, choose to make a withdrawal and select your method of choice from the options provided.
- You will be directed to a screen where you must fill in information about yourself. You may also need to upload verification documentation.
- All that’s left to do is click the submit button.
- The casino will then process your request and you will receive the money once the process is complete.
Claim Your Casino Bonus
If you are tired of reading about casino bonuses and would like to know how to claim yours, it’s easy. Visit any of the casinos that we list here on cancasinos.com, and, just for signing up, you will receive a welcome bonus. Thereafter you will be treated to deposit or match bonuses. There’re also many other promotions to take advantage of. What are you waiting for?
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